What are the predictions for the USD/JPY exchange rate?

Answered on : 2024-01-23

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Answer

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Based on recent forecasts and analysis:

1. The USD/JPY exchange rate has been experiencing fluctuations, with support around 147 yen and resistance near 148 yen[1].

2. Some predictions suggest a gradual decline in the USD and an increase in the JPY. For instance, it's anticipated to reach around 141 yen by March, 140 yen by June, 139 yen by September, and 139 yen by December 2024[2].

3. Market analysts note that factors like the Bank of Japan's decisions and changes in the U.S. economy could impact the exchange rate, potentially leading to further yen appreciation[4][6].

Please keep in mind that exchange rate predictions can change based on various economic and geopolitical factors, so it's essential to monitor the latest news and analysis for the most accurate information.